Core Viewpoint - The company, Pinming Technology, announced its participation in the 2025 semi-annual performance briefing for the software industry on the Sci-Tech Innovation Board, scheduled for September 11, 2025, from 15:00 to 17:00 [1] Group 1 - The company plans to engage in a collective performance briefing, indicating a proactive approach to communicate its financial performance and industry insights [1]

证券代码：688109 证券简称：品茗科技 公告编号：2025-048 品茗科技股份有限公司 关于参加 2025 年半年度科创板软件行业 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： （网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频和网络互动 投资者可于 2025 年 09 月 04 日（星期四）至 09 月 10 日（星期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@pinming.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 品茗科技股份有限公司（以下简称"公司"）已于 2025 年 08 月 23 日发布 公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年 度的经营成果、财务状况，公司计划于 2025 年 09 月 11 日（星期四）15:00-17:00 参与 2025 年半年度科创板软件行业集体业绩说明会，就投资者关心的问题进行 ...

Group 1 - The core viewpoint of the news highlights the recent trading performance and financial metrics of Pinming Technology, indicating a slight increase in stock price and notable financing activities [1] - On August 26, Pinming Technology's stock rose by 1.99%, with a trading volume of 126 million yuan. The net financing buy was negative at -1.91 million yuan, with a total financing and margin balance of 83.65 million yuan, accounting for 2.50% of the circulating market value [1] - The company has a high financing balance, exceeding the 80th percentile of the past year, indicating strong investor interest [1] Group 2 - Pinming Technology, established on July 11, 2011, and listed on March 30, 2021, focuses on "digital construction" technologies and solutions for the construction industry, providing services from the preparation phase to project completion [2] - The company's revenue composition includes 57.44% from information software products and 42.56% from smart construction site products [2] - For the first half of 2025, Pinming Technology reported a revenue of 187 million yuan, a year-on-year increase of 1.25%, and a net profit of 31.23 million yuan, reflecting a significant growth of 270.11% [2] Group 3 - Since its A-share listing, Pinming Technology has distributed a total of 129 million yuan in dividends, with 52.53 million yuan distributed over the past three years [3]

Core Viewpoint - The company has engaged in projects related to the Yajiang Hydropower Station, providing various digital infrastructure and AI monitoring solutions, although the current business scale is small and has limited impact on overall performance [1] Group 1 - The company is involved in the Yajiang Hydropower Station project, offering smart infrastructure platform systems, digital twin platform systems, AI visual monitoring products, and intelligent management for tunnel engineering [1] - The current business scale related to this project is small, resulting in a limited impact on the company's overall performance [1] - The company plans to continue monitoring project progress and deepen strategic collaboration with relevant parties to explore more business opportunities [1]

Core Viewpoint - The financial performance of Pinming Technology (688109) for the first half of 2025 shows significant growth in net profit and profitability metrics, despite a slight decline in quarterly revenue. Financial Performance Summary - Total revenue for the first half of 2025 reached 187 million yuan, a year-on-year increase of 1.25% [1] - Net profit attributable to shareholders was 31.23 million yuan, up 270.11% year-on-year [1] - Gross margin improved to 75.49%, an increase of 4.1% year-on-year, while net margin rose to 16.66%, reflecting a 265.54% increase [1] - Operating cash flow per share was 0.11 yuan, a significant increase of 136.65% year-on-year [1] Expense Management - Total sales, management, and financial expenses amounted to 79.69 million yuan, accounting for 42.5% of revenue, a decrease of 3.39% year-on-year [1] - Research and development expenses decreased by 17.33%, indicating a focus on cost control [8] Asset and Liability Changes - Cash and cash equivalents increased by 10.4% to 130 million yuan, while accounts receivable decreased by 18.61% due to improved collection efforts [1][2] - Inventory rose by 20.06% as the company increased sales preparation [3] - Other current assets increased by 35.57% due to investments in large-denomination certificates of deposit [4] Investment and Financing Activities - The company terminated its investment in Wuhan Puainai Information Technology Co., resulting in a 100% decrease in other equity instrument investments [5] - Cash flow from operating activities saw a net increase of 136.65%, attributed to better order quality control and historical accounts receivable recovery [8] Market Position and Business Model - The company relies heavily on research and marketing for its performance, with a historical return on invested capital (ROIC) of 3.66% [9] - The company has experienced cyclical performance, with a median ROIC of 37.39% since its listing [8][9] Fund Holdings - The largest fund holding Pinming Technology is the Huaxia Stable Growth Mixed Fund, which has recently increased its position [10]

Group 1 - The core point of the article highlights the financing activities of Pinming Technology, indicating a net sell-off in recent trading days [1] - On August 22, Pinming Technology had a financing buy amount of 0.18 billion, ranking 1178th in the market, with a financing repayment amount of 0.21 billion, resulting in a net sell of 3.1673 million [1] - Over the last three trading days (August 20-22), the financing buy amounts were 0.07 billion, 0.17 billion, and 0.18 billion respectively [1] Group 2 - In terms of securities lending, on August 22, there were no shares sold or net sold, indicating no activity in this area [1]

Core Viewpoint - Pinming Technology announced a semi-annual distribution plan for 2025, proposing a cash dividend of 3 yuan per 10 shares, totaling approximately 23.46 million yuan, which represents 75.11% of the company's net profit [1][2]. Company Distribution History - The company has a history of cash distributions since its listing, with the latest plan being a cash dividend of 0.23 billion yuan and a dividend yield of 1.07% for the period ending June 30, 2025 [2]. - Previous distributions include: - 2024: 0.29 billion yuan, 1.42% yield - 2023: 0.23 billion yuan, 1.02% yield - 2021: 0.33 billion yuan, 0.81% yield - 2020: 0.43 billion yuan [2]. Financial Performance - For the latest half-year report, the company achieved a revenue of 1.87 billion yuan, reflecting a year-on-year growth of 1.25% - Net profit reached 31.23 million yuan, showing a significant increase of 270.11% - Basic earnings per share were reported at 0.4 yuan [2]. Market Activity - The stock experienced a net inflow of 16.59 million yuan in principal funds today, but saw a net outflow of 40.47 million yuan over the past five days [3]. - The latest margin financing balance for the stock is 83.61 million yuan, with a decrease of 1.61% over the past five days [4]. Industry Comparison - Among 16 companies in the computer industry that announced semi-annual distribution plans for 2025, Pinming Technology's cash distribution of 23.46 million yuan ranks lower compared to the highest, which is 800.68 million yuan by Siwei Liekong [4].

Group 1: Company Announcements - Changjiang Electric Power's controlling shareholder, China Three Gorges Group, plans to increase its stake in the company by 4 billion to 8 billion yuan within the next 12 months through secondary market transactions [1] - Huakin Technology is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and overseas business development [2] - Tailin Microelectronics is planning to acquire all or part of the equity of Shanghai Panqi Microelectronics through a combination of share issuance and cash payment, with trading suspended for up to 10 trading days [3] - Jingwang Electronics intends to invest 5 billion yuan in expanding its Zhuhai Jinwan base to enhance its competitiveness in high-end products related to AI and other technologies [5] - Jiangsu Guotai plans to use up to 12 billion yuan of idle funds for entrusted wealth management in low-risk financial products [6] Group 2: Financial Performance - Ping An Bank reported a 3.9% year-on-year decline in net profit for the first half of 2025, with a proposed cash dividend of 2.36 yuan per 10 shares [1][9] - Several companies reported significant increases in net profit, including Zhezhang Securities with a 46.49% increase and Keg Precision Machinery with a 144% increase [7] - True Love Home reported a net profit of 197 million yuan, a year-on-year increase of 484.48% [8] - Companies like Kunlun Wanwei and Vanke A reported substantial losses, with net losses of 856 million yuan and 11.947 billion yuan respectively [9]

Core Viewpoint - The report highlights the financial performance and strategic focus of Pinming Technology Co., Ltd. in the digital construction sector, emphasizing its growth in revenue and net profit driven by optimized business structure and cost management. Financial Performance - The company's operating income for the first half of 2025 was approximately 187.49 million yuan, a 1.25% increase from the previous year [2] - Total profit reached approximately 30.93 million yuan, marking a significant increase of 291.66% year-on-year [2] - Net profit attributable to shareholders was approximately 31.23 million yuan, up 270.11% compared to the same period last year [2] - Basic earnings per share increased to 0.40 yuan, a 263.64% rise from 0.11 yuan in the previous year [3] - The company's net assets were approximately 783.11 million yuan, a slight decrease of 0.16% from the end of the previous year [2] Business Overview - Pinming Technology focuses on providing digital construction application technologies and products, catering to the construction industry's needs from preparation to completion [4][5] - The company has developed core technologies in BIM algorithm engines, safety assistance technologies, and digital construction technology platforms, achieving commercial application of these technologies [5][6] - The company is recognized as a key software enterprise in the national planning layout since 2017, indicating its strong position in the building information technology sector [7] Industry Context - The construction informationization industry in China is characterized by low investment compared to other sectors, indicating significant growth potential [6][8] - The industry is marked by high technical barriers and requires a deep understanding of the construction process and regulatory frameworks [7] - The application of BIM technology is rapidly developing, with increasing recognition of its importance in reducing costs and improving efficiency in construction projects [9][10] Strategic Focus - The company is committed to enhancing its digital construction solutions, focusing on energy and water conservancy sectors, and has made significant progress in new infrastructure projects [13][14] - Pinming Technology aims to create a comprehensive digital construction solution that integrates data management and intelligent decision-making for construction enterprises [14][18] - The company has successfully developed a digital twin platform for offshore photovoltaic projects, showcasing its innovation in addressing industry challenges [15][21]

第一节 重要提示 规划，投资者应当到上海证券交易所网站（www.sse.com.cn）网站仔细阅读半年度报告全文。 公司已在本报告中阐述公司经营过程中可能面临的各种风险及应对措施，敬请查阅本报告 "第三节 管理层讨论与分析"。 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司 2025 年半年度拟以实施权益分派股权登记日登记的总股本扣减公司回购专用证券账户 中股份为基数分配利润，向全体股东每 10 股派发现金红利 3.00 元（含税），不进行资本公积金 转增股本，不送红股。 上述利润分配预案已经公司第四届董事会第七次会议审议通过，尚需公司股东会审议通过后 实施。 品茗科技股份有限公司2025 年半年度报告摘要 公司代码：688109 公司简称：品茗科技 品茗科技股份有限公司 品茗科技股份有限公司2025 年半年度报告摘要 □适用 √不适用 第二节 公司基本情况 公司股票简况 公司股票简况 股票种类 股票上市交易所 股票简称 股票代码 变更前股票简称 A股 上海证券交易所科创板 品茗科技 688109 品茗股份 公司存托凭证简况 □适用 √不适用 联系人和联系方式 品茗科技股份有限公司2025 ...